Multiple Choice
One of the effects of a change in disposable income could not be a(n)
A) movement up along the consumption function.
B) movement down along the consumption function.
C) change in the amount of consumption expenditures.
D) upward shift of the consumption function.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Do economists know the value of the
Q9: The numerical value of the MPC is
Q31: The relationship between consumption and disposable income
Q39: In the national income accounts, new investment
Q78: Explain why national income and domestic product
Q81: A movement upward along the consumption function
Q92: Aggregate demand is the sum of total
Q95: The term "depreciation" in the national income
Q96: In economic analysis, which of the following
Q104: To get a complete measure of the